Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
Meritage Homes Corp (NYSE: MTH) closed the day trading at $73.50 up 0.34% from the previous closing price of $73.25. In other words, the price has increased by $0.34 from its previous closing price. On the day, 0.52 million shares were traded.
Ratios:
For a better understanding of MTH, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 9.97. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on December 13, 2024, Downgraded its rating to Neutral and sets its target price to $197 from $220 previously.
Goldman Upgraded its Neutral to Buy on October 31, 2024, whereas the target price for the stock was revised from $205 to $235.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 12 ’25 when Sasser Alison sold 260 shares for $73.29 per share. The transaction valued at 19,055 led to the insider holds 4,166 shares of the business.
Szubinski Clinton sold 595 shares of MTH for $43,608 on Feb 12 ’25. The EVP – Chief Operating Officer now owns 30,547 shares after completing the transaction at $73.29 per share. On Feb 10 ’25, another insider, HILTON STEVEN J, who serves as the Executive Chairman of the company, bought 11,000 shares for $74.51 each. As a result, the insider paid 819,610 and bolstered with 811,192 shares of the company.
Valuation Measures:
As of this moment, Meritage’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.86, and their Forward P/E ratio for the next fiscal year is 6.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 1.06.
Stock Price History:
Over the past 52 weeks, MTH has reached a high of $106.99, while it has fallen to a 52-week low of $72.19. The 50-Day Moving Average of the stock is -8.67%, while the 200-Day Moving Average is calculated to be -17.61%.
Shares Statistics:
A total of 72.36M shares are outstanding, with a floating share count of 70.59M. Insiders hold about 2.45% of the company’s shares, while institutions hold 99.44% stake in the company.
